Form 4: AppFolio's Chief Legal Officer Matthew Mazza Reports Stock Transactions Due to RSU Vesting
SEC Form 4 Filing
Matthew Mazza, Chief Legal Officer of AppFolio, reports the withholding of Class A Common Stock by the issuer to cover tax obligations related to the vesting of restricted stock units.
Summary
- On August 10, 2024, Matthew Mazza, the Chief Legal Officer of AppFolio Inc., had Class A Common Stock withheld by the company to cover tax obligations.
- These obligations arose from the vesting of performance-based and time-based restricted stock units (RSUs).
- The RSUs were previously granted to Mazza under the company's 2015 Stock Incentive Plan on December 13, 2021, January 25, 2023, January 24, 2023 and January 23, 2024.
- A total of 1,329 shares were withheld at a price of $213.92 per share.
- Following these transactions, Mazza directly owns 42,351 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| December 13, 2021 | Date of grant of performance-based and time-based restricted stock units (RSUs) pursuant to the Issuer's 2015 Stock Incentive Plan. |
| January 25, 2023 | Date of grant of performance-based restricted stock units (RSUs) pursuant to the Issuer's 2015 Stock Incentive Plan. |
| January 24, 2023 | Date of grant of time-based restricted stock units (RSUs) pursuant to the Issuer's 2015 Stock Incentive Plan. |
| January 23, 2024 | Date of grant of time-based restricted stock units (RSUs) pursuant to the Issuer's 2015 Stock Incentive Plan. |
| August 10, 2024 | Date of vesting of restricted stock units (RSUs) and related tax withholding. |
| August 13, 2024 | Date of signature of the Form 4 filing. |
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